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Shenzen / Hong Kong will be the next Silicon Valley.
by jsemrau 9y ago
Shenzen / Hong Kong will be the next Silicon Valley.
- jhobag 9y agoit already is
- dayaz36 9y agoIt already is, but with a lot less bureaucracy. People get things done much quicker there
- Wingman4l7 9y agoYeah, it's easy to get things done fast when you can completely ignore the collective intellectual property rights and trademarks of whole countries, and steal designs and manufacture counterfeit goods wholesale!
- hktrl 9y agoThey make it cheaper and better don't need to blame them. Japan did the same after the WW2 and we're not here to say that Japanese technology sucks. Just watch your phone, it's probably made in China dude.
- IIAOPSW 9y agoHong Kong maybe. The great firewall is really the party shooting itself in the foot.
- adrianN 9y agoThe Chinese market is big enough to build very successful companies that never need to cross the firewall to provide their services.
- jsemrau 9y agoCorrect, you have a 1 Billion+ market for your goods & services. In addition, look at Tencent and Alibaba, I believe they are offering services outside of China just fine.
- IIAOPSW 9y agoThe Chinese market has to deal with obnoxious barriers to starting a business and competition from government backed giants (tencent, alibaba). So long as the party shoots itself in the foot it will never replicate Silicon Valley.
- contingencies 9y agoSecond time mainland China business founder here - foreigner. As everywhere there are barriers. However, I would say that in China it is not that hard to get going all told. While foreigners cannot really sole trade and there remain linguistic and cultural barriers, low initial capital requirements, a non-litigious environment, relatively relaxed licensing and a reasonably transparent and predictable visa system are big pluses versus the US. These days, the VC environment is also solid.
- yeukhon 9y agoBeijing and Shenzhen are already considered “SV” of China. HK? Far from it. The governement has very little push and clues to make HK a SV.
- leemailll 9y agoNo. Hongkong now has no chance for that role, and compared with mainland companies there are not much successful Hongkong companies.
- 123oi123 9y agoHong Kong might have the education, but its market is too small to make any VCs interested.